BANGKOK – Fabrinet today reported fiscal fourth-quarter revenue of $142.8 million, down 25% year-over-year.

GAAP net income was $7.5 million, a decrease of 55% compared to the same period in fiscal 2011.

For fiscal year 2012 ended June 29, the company reported revenue of $564.7 million, down 24% year-over-year.

Fabrinet posted a GAAP net loss of $56.5 million, compared to GAAP net income of $64.3 million for fiscal 2011.

“…our recovery from the flooding in Thailand is complete. Despite the challenges of fiscal 2012, we have reestablished our production capabilities to pre-flood levels, completed construction on a new manufacturing facility, and won new business from both new and existing customers. We enter fiscal 2013 well positioned for a return to growth,” said CEO Tom Mitchell.

Fabrinet expects first-quarter revenue in the range of $145 million to $149 million.

The firm provides optical packaging and optical, electromechanical and electronic manufacturing services.

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